Online MBA programs teach basic business concepts in basic courses such as Accounting, Finance and leadership. Students who take online MBA programs often work full-time during graduation, taking advantage of a prestigious education without the hassle of moving to a new place.
MBA graduates can use their degrees to advance in a healthy job market. The Bureau of Labor Statistics (BLS) forecasts 8% growth in commercial and financial jobs between 2020 and 2030, which is the average growth rate for all professions.On this page, readers can learn more about the top five online MBA programs. With detailed information about each school, including degree expectations, this list is a great resource for potential students. The page also discusses considerations for choosing a business school, as well as information about specialties and career opportunities.
Our ranking of the best online MBA programs in the USA highlights five leading business schools. To learn more about the methodology used to evaluate them, follow the link below.
Why register for an MBA program?
By completing an online MBA degree, graduates can stand out as candidates for jobs in competitive industries. Most business professions require at least a bachelor’s degree, but many employers prefer candidates with an MBA degree because they bring advanced knowledge and skills to their list. Additional benefits of obtaining an MBA degree include:
Why You Should Get an MBA Online
Even before the COVID-19 pandemic, online learning is becoming more and more popular every year. Accredited online MBA programs are a great option for many students, especially motivated students with good time management skills.
Many online MBA degrees use asynchronous courses where students can participate in conferences and discussion forums according to their own schedule. Some classes can also work synchronously, with live webcam sessions that are more like a personal experience. Online programs may also require periodic campus visits for residencies or immersion events.
Part of the appeal for online programs includes cost-saving opportunities: schools can offer reduced or statewide tuition fees to all students regardless of their residence status. Online programs also do not require students to move. Many do not need a personal presence, which eliminates the cost of the trip. There are many reasons why an online program can be an ideal solution; each student should evaluate their situation to determine if it is suitable for him or her.
Career Opportunities After Graduation
Having an MBA degree, degree holders are entitled to a better career with a high earning potential. BLS reports that in May 2020, CEOs received an average annual salary of $197,840, while the average salary in the highest-paid industries was higher. General directors work in the field of public administration, healthcare, manufacturing and professional, scientific and technical services.
MBA holders can also pursue careers in areas such as accounting, healthcare management, information systems, real estate and consulting. Each industry includes many specific positions, providing MBA graduates with a variety of choices and entry points into each industry.
What to Expect from Online MBA Programs
A typical online MBA program requires about 50 credits for graduation. Students can complete many programs in two years, although the requirements and terms of study vary depending on each person’s academic experience. Students can also enjoy part-time courses and accelerated courses.
The indicators of online learning in an MBA vary greatly. Some schools offer discounted rates for distance learners, while others do not distinguish between online programs and personal programs. As a rough estimate, students can find the best accredited MBA programs priced from $55,000 to $161,000.
Although the details vary by school, the basic MBA courses often include strategic management, financial accounting, managerial economics and marketing. With a variety of focus options available, potential students can look for the school that best suits their goals. Frequent specialization options include Entrepreneurship, analytics, Finance, Project Management and Technology.
Prospective MBA students should study the admission conditions for each program. A minimum cumulative average, standardized test scores, or previous work experience may be required.
Continuing higher education is an important financial investment. Degree applicants may wish to compare the cost of the program with the potential return on investment and find funding opportunities.
Keystone or thesis
A consolidated project can be a significant resume creation experience for MBA students. Online students should ask themselves if they need a cornerstone and how an online MBA structures this requirement.
Some students excel in personal settings, while others benefit from the relative flexibility of online programs. When considering an online diploma, students should take into account personal preferences in the decision-making process.
Students who hope to gain professional experience should consider getting a degree with the possibility of an internship. Distance learners should learn how online programs structure their internships.
Networking is an important aspect of an MBA. Prospective students may want to ask how the online program handles alumni connections and networking events.